Demand for credit increases in Western Canada

Credit reporting service Equifax Canada says demand for credit has increased for four quarters in a row in Western Canada, while demand in Eastern Canada continues to slow. Overall consumer debt (including mortgages) has risen slightly year over year from $1.4-trillion to $1.42-trillion.

Consumer demand for credit remains brisk over the last quarter rising 2.7% while bankruptcies are down and the overall delinquency rate (accounts past due over 90 days) is down 3.9%.

Year over year installment loans are up 11.8% while credit cards debt increased 4.8%. While more new credit cards have been issued over the last year on average consumers are carrying smaller balances.

Case Receivable Management Inc. is dedicated to reducing the financial losses of our clients through the expeditious recovery of their aged receivables and bad debts. By way of negotiations, diplomacy, skill, and respect for the individual it is our mission to mitigate the potential financial losses of our clients while leaving their customers feeling that they have been treated professionally and with dignity.